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Super Micro Computer Stock Sank Again Today -- Is the Beaten-Down AI Stock Cheap Enough to Buy Now? [Yahoo! Finance]
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Supermicro stock fell today after Cisco made new comments about its plans to move into the artificial intelligence (AI) server market. Today's valuation pullback followed a 6.3% decline in the company's share price after a filing with the Securities and Exchange Commission (SEC) revealed that the tech specialist would be unable to meet the filing deadline for its quarterly 10-Q report. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Supermicro's share price is now down 62% over the last month and 36.5% year to date. The stock is also down 85% from the lifetime high it hit in March. After riding high on surging AI-related demand to start 2024, Supermicro has seen a precipitous valuation decline. Along with huge sell-offs for the stock, the strong sales and earnings growth the company has reported mean its stock could look quite cheap by many traditional valuation metrics. Trading at under 6.2 times this year's expecte
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- Wall Street weakens as its post-election boom slows some more [Los Angeles Times (CA)][Los Angeles Times]
- Jim Cramer on Cisco Systems, Inc. (CSCO): ‘Cisco Seems Poised For A Breakout, Doesn't It?' [Yahoo! Finance][Yahoo! Finance]
- Why Super Micro Computer Stock Is Plummeting Again Today [Yahoo! Finance][Yahoo! Finance]
- CSCO Falls Despite Q1 Earnings Beat: Buy, Sell or Hold the Stock? [Yahoo! Finance][Yahoo! Finance]
- Cisco Systems, Inc. (NASDAQ: CSCO) had its price target raised by analysts at Citigroup Inc. from $62.00 to $64.00. They now have a "buy" rating on the stock.[MarketBeat]
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